PROPOSED AMENDMENT TO THE DEVELOPMENT COST CHARGES IMPOSITION BYLAW

Updated DCC Recoverable Value Prior to engaging the public for comments and undertaking further public consultation sessions in November and December 2022, staff reviewed and updated the DCC programs to ensure that the costs are reflective of the current market conditions and project information for the projected 25-year DCC timeframe. The proposed DCC recoverable amounts are summarized in Table 2. T bl 2 P d D ft DCC P I I R bl V 1 Program Area January 2023 July 2022 May 2017 % Increase DCC Recoverable DCC Recoverable DCC Recoverable (2023 vs (Proposed) (Draft) (Last Approved) 2017) Roads $ 665,041,711 $ 718,085,195 $ 504,321,687 32% Drainage $ 549,909,257 $ 583,324,854 $ 167,383,669 229% Park Acquisition $ 325,882,664 $ 325,882,664 $245,451,584 33% Park Development $182,407,295 $ 182,407,295 $ 178,383,883 2% Sanitary $ 102,234,339 $ 102,234,339 $ 88,650,258 15% Water $ 44,055,639 $ 44,055,639 $ 38,308,976 15% Total $1,869,530,905 $1,955,989,986 $1,222,500,057 53%

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